Deals

Deal activity by volume related to AI increased by 56% year‑on‑year in 2023 in the aerospace & defence industry

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A​​​​​​​nalysis of the key themes driving deal activity reveals that AI accounted for 276 aerospace & defence deals between 2019 and 2023, worth a total value of $25.3bn, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. 

The $500m private equity investment in QuEST Global Services by The Carlyle Group was the largest disclosed deal in 2023, while the $1.48bn venture financing secured by Anduril Industries from Marlinspike was the largest disclosed deal in 2022. 

In volume terms, AI related deal activity increased by 56% year-on-year in 2023 and decreased by 19% year-on-year in 2022. 

Deal activity related to AI in the global aerospace & defence industry in the last five years

Top deals related to AI in the aerospace & defence industry in the last five years

Deal volume by deal type for AI related deals in the aerospace & defence industry in the last five years

Venture Financing accounted for the highest number of deals in the last five years, with 139 deals, followed by Acquisition (58), Partnership (30), Equity Offering (21), Merger (12), and Private Equity (11), and Asset Transaction with 5 deals.

Top financial advisors for AI related deals by value in the aerospace & defence industry in the last five years

The top financial advisors supporting deals related to AI in the aerospace & defence industry in the last five years in terms of value were Goldman Sachs & Co, Evercore, Arena Strategic Advisors, Credit Suisse Group, Macquarie Group, Renaissance Strategic Advisors, Barclays, Credit Suisse Securities USA, Guggenheim Securities, and Houlihan Lokey.

Top legal advisors for AI related deals by value in the aerospace & defence industry in the last five years

The top legal advisors supporting deals related to AI in the aerospace & defence industry in the last five years in terms of value were Hogan Lovells US, Blake, Cassels & Graydon, Cravath Swaine & Moore, McGuire Woods, Sullivan & Cromwell, Alston & Bird, Gibson, Dunn & Crutcher, Hunton Andrews Kurth, Jones Day, and Milbank.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article. 

GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements. 

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.

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